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Battle Infinity (IBAT) Price Forecast: October 24
The Battle Infinity price is in a downward trend and it is pulling back to resistance after updating lows. The price may retrace to a higher resistance zone at the $0.0300 value if the short traders reduce their tension and the bullish correction closes above the $0.01000 supply mark.
Key Levels:
Resistance Levels: $0.004500, $0.004600, $0.004700
Support Levels: $0.003100, $0.003000, $0.002900
IBAT (USD) Long-term Trend: Bearish (1H)
The market value of IBATUSD can be seen in a bearish scenario in its long-term outlook. This is due to interference from the sell traders.
The bulls also hindering the coin price from being smashed by the bears made a ride to the $0.003205 supply level after which the sellers dropped the price down to the $0.003109 support mark above the EMA-9. This is an opportunity for the buy traders to buy at a lower price.
Meanwhile, there is a possibility of a bullish breakout as the market is oversold already if the bulls should add more effort to their tension in the market. The next target could be the $0.0300 supply mark from a long-term perspective.
IBAT (USD) Short-term Trend: Bullish (15 Minutes)
IBATUSD is bearish in the short-term perspective. The price bars are below the moving averages, this means that the pair is in a bearish market zone.
The bulls made a correction at the $0.0003101 high mark below the two EMAs as the 15-minute chart opens today. However, there is likely to be a steady increase as the coin is set for a bullish pattern rally.
Furthermore, the price of Battle Infinity is pointing up in the oversold region of the stochastic, this suggests that the selling pressure has ended and the cryptocurrency is set to challenge any bearish sign. It is therefore expected of the buyers to push the price up to a $0.0300 high level and beyond as we cross our fingers and watch out for BUY soon in its lower time frame.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT here
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